Gross margin

MMTEC, INC. Announces 2019 Year-End Financial Results

Friday, May 22, 2020 - 11:00pm

BEIJING, May 22, 2020 /PRNewswire/-- MMTEC, Inc. (NasdaqCM:MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets announced its financial results for the year ended December 31, 2019.

Key Points: 
  • BEIJING, May 22, 2020 /PRNewswire/-- MMTEC, Inc. (NasdaqCM:MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets announced its financial results for the year ended December 31, 2019.
  • Our revenue from investor relations management services was $86,788 for the year ended December 31, 2019.
  • Cost of Revenue.For the years ended December 31, 2019 and 2018, our cost of revenue was $90,890 and $16,308, respectively.
  • Gross Profit and Gross Margin.Our gross profit was $109,907 for the year ended December 31, 2019, representing gross margin of 54.7%.

Aurora Cannabis Announces Fiscal Third Quarter 2020 Results & Operational Reset Update

Thursday, May 14, 2020 - 9:01pm

Management considers the following metrics to be key to the success of the operational reset and future profitability of Aurora:

Key Points: 
  • Management considers the following metrics to be key to the success of the operational reset and future profitability of Aurora:
    Net revenue, excluding provisions, of $78.4 million in Q3 2020 was up 18% quarter over quarter.
  • Gross margin, before fair value adjustments, on cannabis net revenue was 44% in Q3 2020, unchanged compared to 44% in the prior quarter.
  • Adjusted gross margin, before fair value adjustments, on cannabis net revenue was 54% in Q3 2020, versus the 55% in the prior quarter.
  • The Company has committed to being adjusted EBITDA positive in fiscal Q1 2021, the July to September 2020 quarter.

Servotronics, Inc. Announces First Quarter Results For The Period Ended March 31, 2020

Wednesday, May 13, 2020 - 8:55pm

"The world has been severely impacted by the COVID-19 pandemic," said Kenneth D. Trbovich, CEO and Chairman of the Board.

Key Points: 
  • "The world has been severely impacted by the COVID-19 pandemic," said Kenneth D. Trbovich, CEO and Chairman of the Board.
  • Revenues for the quarter were $15,448,000, approximately a 28.7% increase from $12,003,000 for the same period in 2019.
  • Gross margin as a percentage of revenue expanded to 30.5% for the first quarter compared to 17.3% for the prior period.
  • Selling, general and administrative expenses increased approximately $314,000 or 17.7% for the three-month period ended March 31, 2020 compared to the same period in 2019.

Acorn Reports Higher Q1 Gross Profit on 1% Revenue Increase; Cash Position of $1.9M Provides Strong Foundation to Build Remote Monitoring & Control Business; Investor Call Tomorrow at 11am ET

Wednesday, May 13, 2020 - 9:01pm

Gross margin increased to 69% in Q120 from 62% in Q119, primarily due to an increase in monitoring revenue, which has a higher gross margin than hardware revenue.

Key Points: 
  • Gross margin increased to 69% in Q120 from 62% in Q119, primarily due to an increase in monitoring revenue, which has a higher gross margin than hardware revenue.
  • Gross margin on monitoring revenue was 84% in Q120 as compared to 83% in Q119.
  • Reflecting higher gross profit offset by increased operating expenses, OmniMetrix reported a Q120 operating loss of $51,000 in Q1'20, versus an operating loss of $58,000 in Q1'19.
  • At March 31, 2020, consolidated cash and cash equivalents increased to $1,416,000 from $1,247,000 at December 31, 2019.

InPlay Oil Corp. Announces First Quarter 2020 Financial and Operating Results

Thursday, May 7, 2020 - 1:00pm

InPlay uses adjusted funds flow, adjusted funds flow per share, basic and diluted and adjusted funds flow per boe as key performance indicators.

Key Points: 
  • InPlay uses adjusted funds flow, adjusted funds flow per share, basic and diluted and adjusted funds flow per boe as key performance indicators.
  • InPlay also uses operating income, operating netback per boe and operating income profit margin as key performance indicators.
  • Operating netback per boe is calculated by the Company as operating income divided by average production for the respective period.
  • Operating income profit margin is calculated by the Company as operating income as a percentage of oil and natural gas sales.

Skyworth Releases Annual Report for 2019: RMB1,031 million in Profit and Gross Profit Margin Up to 20.1%, Growth in "Smart Human Habitat" Businesses

Thursday, April 2, 2020 - 11:01am

For the Reporting Year, revenue of the Group amounted to RMB37,277 million and gross profit achieved RMB7,502 million with an increased margin of 1.6 percentage points year-on-year (YoY) to 20.1%.

Key Points: 
  • For the Reporting Year, revenue of the Group amounted to RMB37,277 million and gross profit achieved RMB7,502 million with an increased margin of 1.6 percentage points year-on-year (YoY) to 20.1%.
  • During the Reporting Year, the Group's revenue of multimedia business recorded revenue of RMB21,505 million.
  • As of the Reporting Year-end, activated smart terminals totalled approximately 44.30 million domestically, with approximately 15.53 million being active daily.
  • Powered by its robust R&D capabilities, its gross profit margin rose by 1.6 percentage points YoY to 20.1%.

Skyworth Releases Annual Report for 2019: RMB1,031 million in Profit and Gross Profit Margin Up to 20.1%, Growth in "Smart Human Habitat" Businesses

Thursday, April 2, 2020 - 10:25am

For the Reporting Year, revenue of the Group amounted to RMB37,277 million and gross profit achieved RMB7,502 million with an increased margin of 1.6 percentage points year-on-year (YoY) to 20.1%.

Key Points: 
  • For the Reporting Year, revenue of the Group amounted to RMB37,277 million and gross profit achieved RMB7,502 million with an increased margin of 1.6 percentage points year-on-year (YoY) to 20.1%.
  • During the Reporting Year, the Group's revenue of multimedia business recorded revenue of RMB21,505 million.
  • As of the Reporting Year-end, activated smart terminals totalled approximately 44.30 million domestically, with approximately 15.53 million being active daily.
  • Powered by its robust R&D capabilities, its gross profit margin rose by 1.6 percentage points YoY to 20.1%.

Servotronics, Inc. Announces 2019 Operating Results

Monday, March 30, 2020 - 10:00pm

Gross margin for 2019 was $12,126,000, or 21.9% of revenue, compared with $12,085,000, or 25.3% of revenue for 2018.

Key Points: 
  • Gross margin for 2019 was $12,126,000, or 21.9% of revenue, compared with $12,085,000, or 25.3% of revenue for 2018.
  • The gross margin as a percentage of revenue decreased at both the ATG and CPG.
  • Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof.
  • The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.

Ocean Bio-Chem, Inc. Reports Record Year Net Sales, Income and Earnings per Share In 2019

Monday, March 30, 2020 - 2:00pm

Peter Dornau, President and CEO commented: "The Company's 2019 net income of approximately $3.5 million is a record for the Company.

Key Points: 
  • Peter Dornau, President and CEO commented: "The Company's 2019 net income of approximately $3.5 million is a record for the Company.
  • It represents a increase of approximately 25% over the 2018 net income.
  • The sales growth of our higher margin products was partially offset by lower margin sales of winterizing products".
  • Mr. Dornau continued: "The higher margin sales mix resulted in record gross profit of $15.6 million, an increase of 8.4%, compared to 2018.

Celsius Holdings Delivers Record Annual Revenue of $75 Million, Up 43%

Thursday, March 12, 2020 - 12:30pm

Gross profit margin for the three months ended December 31, 2019 was 41.9%, which compares favorably to 37.1% for the 2018 quarter.

Key Points: 
  • Gross profit margin for the three months ended December 31, 2019 was 41.9%, which compares favorably to 37.1% for the 2018 quarter.
  • The increase in gross profit dollars is mainly related to increases in sales volume, as opposed to increases in product pricing.
  • Additionally, stock option expense for the 2019 quarter increased by $287,000 when compared to the 2018 quarter.
  • Asian revenue related to product sales amounted to $491,648 and revenue related to royalties contributed an additional $349,000.